San Bru, Valencia

Financed & In Progress

Project Overview

For the project we are applying an investment strategy that we have applied in several other projects: a change of use. A ground floor commercial to residential conversion. Meaning, buying relatively cheap and transforming the properties to beautiful residential units that can be sold at competitive market prices. Currently, the apartment has 200 square meters including a total space of 20 square meters outside patio spaceDuring the renovation, we will use this patio to add to the apartment size, resulting in a 90 square meters apartment with a 10 square meter outside patio, 2/3 bedrooms and 2 bathrooms. 

We are choosing for 3 bedrooms and 2 bathrooms in these two projects because having 3 bedrooms makes it easier to sell it to an average Valencia family requesting a mortgage and 2 bathrooms as this is a sign of luxury in apartments in Spain.

The strength of this project is that the properties are bought for commercial prices and sold for residential prices. Commercial real estate is valued lower because of its use, so when you find a property that ticks all the boxes of being able to convert into residential real estate it usually means a healthy project margin. Keep in mind, though, that conversions like these do need a big and in some cases complex renovation. 


Project Schedule

Renovation: 4-6 months
Listing Period: 2-4 months (partly overlapping)
Expected Total Project Period: 8-10 months

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